3422

LAWS OF MARYLAND

Ch. 736

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1984.

Approved May 29, 1984.

CHAPTER 737

(Senate Bill 357)

AN ACT concerning

Insurers - Regulation

FOR the purpose of altering certain provisions of law relating to
an insurer's notice of risk classification to certain
automobile insurance policyholders, insurers' right to
classify certain policyholders for rate assignment purposes,
certain bases for reducing risk rate classification for
certain insureds and certain procedures whereby the State
Insurance Commissioner of Maryland may review and adjust
certain risk rates or methods of setting rates; establishing
a new subtitle governing the regulation by the State
Insurance Commissioner of certain insurance rate-making
activities by certain insurers and rating organizations;
providing certain exemptions and standards for judging rates
to be excessive, inadequate, or unfairly discriminatory;
providing certain rate filing and public inspection
procedures; providing certain provisions whereby certain
rate-making and rate-filing obligations may be delegated by
certain insurers to certain rating organizations; providing
procedures whereby the Commissioner may review, disapprove
or suspend certain rates under certain circumstances;
providing for adoption of substituted or interim rates by
the Commissioner under certain circumstances; providing
certain special restrictions on certain insurers; providing
procedures for the delay of certain rates; providing
procedures for the control and operation of rating
organizations and advisory organizations, and certain
penalties for violation; providing for collection of certain
experience data by insurers and its filing with the
Commissioner; providing for certain excess rates as to
specific risk; providing procedures whereby certain persons
may challenge and have reviewed the application of certain
applications of the rating system; providing for certain
cooperation among rating organizations; providing certain
prohibitions on withholding or giving false information
affecting insurance rates or premiums; providing certain
penalties for violations of the subtitle and certain powers
of the Commissioner; providing for the termination of this
Act within a certain period; and providing for certain